Canada pauses federal electric vehicle rebate

News Snapshot:

Future of Canada's federal electric vehicle rebates — which span $2,500 to $5,000 — has been thrown into uncertainty as federal funding dries up. The federal government says it will pause a five-year-old rebate program that has handed out up to $5,000 to Canadians looking to buy an electric vehicle. Launched in 2019, the Incentives for Zero-Emission Vehicles (iZEV) Program has backed the purchase of more than 546,000 vehicles. By 2023, 11.7 per cent of vehicles in Canada were electric or hybrid, up from 3.1 per cent at the start of the program. In a statement, Minister of Transport and...